The EURUSD has been frustrating the past few days - mainly because it's been chopping around in a tight ~100-pip range since mid-February. Although the pair broke 1.3680 to the downside earlier this week, failure to close below on Wednesday and a Hammer reversal pattern on Thursday has helped carry EURUSD to fresh yearly highs.

In EURJPY, price has already been rejected by the 140.80/141.45 zone this week, and we look to this area of interest over the past two months as a necessary hurdle before bulls reengage the longer-term uptrend.

Please note the information on this website is intended for retail customers only, and not for any Eligible Contract Participants (i.e., institutional clients) as defined in the Commodity Exchange Act §1(a)(18).